What is a revaluation?

The Valuation Office Agency regularly reassess and update the rateable values of all business properties usually every five years. This is called a Revaluation. This is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. Revaluation does not raise extra revenue overall.

For more information on the 2017 Revaluation, rateable values, and business rates go to www.gov.uk.

You can also estimate your business rates bill, including any small business rate relief the council may apply.

The VOA is contacting businesses to request rental information to support the next revaluation of business rates in England and Wales – Revaluation 2023.

If you receive a request please complete and submit your up-to-date details. It is important to provide this information to ensure business rates are fair and accurate. You can find more information at gov.uk/voa/revaluation2023

Last Modified: 10/02/2021
For more information contact:

Business Rates

Tel: 01495 766125

Email: revenues@torfaen.gov.uk

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